Sign In
26 Aug 2011 07:27
ο»Ώ
26 August 2011
MirLand Development Corporation plc
("MirLand" or theΒ "Company")
Notification of Interests
Β
MirLand, one ofΒ Russia's leading residential and commercial property developers, announces that on 17 August 2011 Industrial Buildings Corporation ('IBC') purchased 35,000 ordinary shares at an average price of Β£2.567 per ordinary share for a total consideration of approximately Β£89,830.
Β
In addition, on 22 August 2011, IBC purchased 258,770 ordinary shares in the Company at a price of Β£2.209 for a total consideration of approximately Β£571,535.
Β
Following these acquisitions, IBC is interested in 38,373,970 ordinary shares in the Company, representing approximately 37.1% of the Company's entire issued share capital.
Β
Mr Eyal Fishman, a non-executive director of the Company, holds a 15.8% equity interest in
two companies which, through various intermediate companies hold an effective interest of
approximately 73% of Jerusalem Economic Corporation Ltd ("JEC") which holds an interest
in approximately 30.5% of the Company. JEC also holds an interest of approximately 75.5% in IBC.
Β
Mr Eliezer Fishman and his wife Tova Fishman together hold approximately 53% of the intermediate companies referred to above and which hold an effective interest of approximately 73% of JEC.
Β
IBC, together with JEC and Darban Investments Ltd. (a company controlled by Mr Eliezer Fishman), effectively hold an interest in approximately 81.8% of the Company entire issued share capital.
Β
For further information, please visitΒ www.mirland-development.com, or contact:
Β MirLand Development Corporation plcΒ Roman Rozental roman@mirland-development.com Β | Β Β +7 495 787 49 62 +7 499 130 31 09 Β |
Financial DynamicsΒ Dido Laurimore / Will Henderson | +44 20 7831 3113 |
Β
Follow the stocks
